The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Allen & Overy (A&O) has scored real estate developer AIG/Lincoln as a new client, after advising it on the development and pre-sale of a Munich office building to German closed-end fund Sachsenfond.
AIG/Lincoln was referred to Frankfurt-based finance partner Peter Hoegen by a contact of Hoegen’s at Hypo Real Estate, the real estate arm of HypoVereinsbank.
In addition to advising on the sale, A&O also advised on financing aspects of the deal, including construction financing, and the establishment of the companies for the acquisition structure.
AIG/Lincoln was formed in 1997 when AIG Global Real Estate launched a company with Lincoln Property Company. Headquartered in Berlin, the company initially invested in emerging markets in Central and Eastern Europe. However, in 2000, it launched a Western European programme and now has offices in Spain and Italy.
Hoegen said that he hoped to get further work from the developer. “It depends whether the company involved will do further business in Germany or other European jurisdictions, but it seems likely there will be new business,” he said.
Although he sits in the banking and finance department, Hoegen heads the real estate group in Germany, having advised on a number of real estate finance transactions.
AIG/Lincoln also has a historical relationship with Weil Gotshal & Manges partner Evan Lazar, who last month left the US firm with a team of assistants to join the Prague office of Salans.
The building, which is situated in the Munich Technology Park, was sold and has now been leased to the Munich arm of IBM. A&O started work on the deal in 2002, when AIG/Lincoln first made the decision to build and fit out the 40,000sq ft office block to be used as IBM’s headquarters.
Clifford Chance advised financing bank Eurohypo. Rechtsanwalt Stock advised Sachsenfond.